Earlier this week, Smartsheet boosted the anticipated stock price range for its IPO to $12 to $14 per share, up from $10 to $12 per share. The Seattle-area company helps Fortune 500 customers manage and automate key work processes — including the ability of employees to collaborate on projects across sales, marketing, HR and other corporate functions — will debut on the New York Stock Exchange Friday morning under the ticker symbol SMAR. The company will sell 10 million shares of Class A stock.

Smartsheet is growing fast, but it is unprofitable. The company, which claims more than 92,000 customers, reported revenue for the period ending Jan. 31, 2018 of $111 million. For that same period, the company lost $49.1 million, and to date has accumulated a deficit of $106.6 million, writing in its IPO filing that it expects losses to continue for the “foreseeable future” as it invests in marketing, R&D and other corporate expenses.

Smartsheet employs 847 people — up from 463 in January 2017 — across three offices in Seattle, Boston, and Edinburgh, where Smartsheet planted a flag after making its first acquisition ever this past January, swooping up chatbot startup Converse.AI.

Started in 2005 by former Onyx CEO Brent Frei, Smartsheet has raised more than $120 million to date; its most recent funding round was a $52 million investment last year led by Insight Venture Partners that valued the company at $852 million.

Nat Levy is a staff reporter at Geekwire covering a variety of technology topics, including Microsoft, Amazon, tech startups, and the intersection of technology with real estate, courts and government. Contact him at nat@geekwire.com and follow him on Twitter at @natjlevy.

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